Adyen (OTCMKTS:ADYEY) Shares Gap Down – Here’s Why

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) shares gapped down before the market opened on Friday . The stock had previously closed at $10.41, but opened at $10.0275. Adyen shares last traded at $10.00, with a volume of 45,956 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADYEY. Wolfe Research reissued an “outperform” rating on shares of Adyen in a research report on Tuesday, August 25th. BNP Paribas Exane cut Adyen to a “neutral” rating in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Friday, August 14th. Scotiabank assumed coverage on Adyen in a research note on Wednesday, September 2nd. They set an “outperform” rating on the stock. Finally, Loop Capital initiated coverage on shares of Adyen in a report on Wednesday, July 15th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Adyen has an average rating of “Moderate Buy”.

Adyen Price Performance

The firm’s fifty day simple moving average is $10.90 and its 200 day simple moving average is $10.56.

Adyen Company Profile

Adyen N.V. is a Netherlands-based financial technology company that provides a global payments platform for businesses. Founded in Amsterdam in 2006 by Pieter van der Does and Ingo Uytdehaage, the company enables merchants to accept and process payments through a single technology platform.

Adyen’s services support online, mobile and in-person transactions, with access to payment methods, card acquiring and local payment infrastructure in markets around the world. Its platform also includes tools for payment optimization, fraud prevention, risk management and transaction data analysis.

In addition to payment processing, Adyen offers embedded financial products such as issuing and business accounts, allowing companies to create payment cards and provide financial services to their users or employees.